UpBots
  • 🥳Welcome to UpBots
  • 1. GETTING STARTED
    • 🤖What is UpBots?
    • 💭Who is UpBots For?
    • 💳MBXN Guide
      • MBXN Tokenomics
      • MBXN Contract
        • MBXN Contracts
      • Hold Program
      • SC Audit
    • 💵How to buy MBXN
      • Buy on DEX
        • Buy on PancakeSwap
        • Buy on Uniswap
      • Buy with credit card
    • 📱UpBots Mobile App
    • 🫂Referral System
      • Referral Terms & Conditions
  • 2. THE APP
    • 👾My Account
      • Create an account
      • Secure your account
    • 💰Portfolio Management
      • Connect a Centralized Exchange
      • DeFi Portfolio Tracker
        • Feature Explanation
    • 📊Algo Bots Rental
      • How it works?
      • Algo Bot Information & Analytics
      • Activate an Algo Bot
      • Activate a Future Algo Bot
      • Leverage
      • Check/Modify your Bots
      • Running Multiple Bots
      • Performance Fees
      • Algo Bot Access (MBXN Stakers)
      • Rent Your Algorithm
      • FAQ
    • 🖥️Create your Bot
    • 🚜Staking & Farming
      • How to add liquidity to MBXN-BUSD
      • Multilevel Staking (new)
      • How to Stake MBXN on UpBots
    • 📈Manual trade
      • 👶Manual Trade - Basic
    • 💰MBXN Wallet
  • 3.The Blockchain
    • 🦊Metamask
    • ⛓️MBXN Blockchain Networks
  • 4. Other
    • ✅Token Security
    • 📚Glossary
    • 📅Roadmap
    • ⚙️Changelog
    • 🌐Links
    • 🗣️Marketing Materials
    • ❓Q&A
  • Website
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On this page
  • 1. What are performance fees?
  • 2. Access algos thanks to MBXN
  • 3. How it works?
  • 4. What happens if there is a loss?

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  1. 2. THE APP
  2. Algo Bots Rental

Performance Fees

Perf fees are one of UpBots core innovations and how we aim to create an ecosystem that rewards everyone for success. Below is an explanation of how they work.

1. What are performance fees?

When UpBots users rent Algo bots or use copy trading strategies that demonstrate winning results, they'll accrue performance fees on the successful trades. Performance fees act as an incentive for algo developers and traders to produce high-quality trading algorithms and strategies.

Performance fees help us to maintain a stable ecosystem on the UpBots platform. A rough breakdown of the total fees you may pay on winning strategies:

So the performance fees range from 10.5% to 25% considering that :

  • 6,5% goes to UpBots

  • 2% to 9.25% goes to the Algo Dev / service provider

  • 1% to 4.625% goes to the Performance Fees Pool

  • 1% to 4.625% are burned

2. Access algos thanks to MBXN

Users can deposit MBXN tokens into their provided on-platform MBXN wallet in order to activate algo bots, pay for trading courses, signals, and other platform services.

By depositing MBXN to your UpBots in-app MBXN wallet address it then becomes possible to unlock and assign MBXN to Algo bots and thus begin automated trading with them. Currently the only algo bots that cannot be accessed this way are community bots such has Avax, for these MBXN staking is required.

Currently in the in-app MBXN wallet support ERC-20 MBXN & BEP-20, via BSC.

3. How it works?

It's pretty simple. Once a trade is closed, the platform will see if you have made a profit. In case you are in profit, a % of the amount earned will be converted into MBXN, and this amount will be deducted from your balance to be distributed to the developer algo, the staking pool, etc...

4. What happens if there is a loss?

PreviousRunning Multiple Bots NextAlgo Bot Access (MBXN Stakers)

Last updated 9 months ago

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Not only do you not pay anything, but you will not pay anything on the next trades that will not bring you back to your initial level. This is thanks to the principle of Virtual Credits, which will be granted to guarantee that you will only pay when you are really in profit.

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